Dividend Growth of Northrop Grumman Corporation(NOC)

Northrop Grumman Corporation(NOC) is having a Dividend Yield of 1.49% with the Annual cash Dividend per share of $3.5. The last quarter cash dividend per share pay out was $0.9. Northrop Grumman Corporation has a 5 year average dividend yield of 2.33% and the stock has a Indicated annual dividend of $3.6. Northrop Grumman Corporation(NOC) formally announced its most recent dividend on November 17, 2016 with a Dividend per share of $0.9. The new indicated annual dividend based on announced dividend per share is $3.6. The dividend yield based on the forward looking indicated annual dividend is 1.49%. Northrop Grumman Corporation(NOC) has the most recent dividend payout ratio of 0.33 with a 5-year average payout ratio of 0.32. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.01. The 5 year historical dividend growth of Northrop Grumman Corporation(NOC) is at the rate of 13.25% while the R-Squared dividend growth is 0.96. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Northrop Grumman Corporation (NYSE:NOC) rose 0.8% or 1.94 points on Thursday and made its way into the gainers of the day. After trading began at $241.6 the stock was seen hitting $243.68 as a peak level and $240.81 as the lowest level. The stock ended up at $243.53. The daily volume was measured at 951,062 shares. The 52-week high of the share price is $253.8 and the 52-week low is $180.15. The company has a market cap of $42,520 million. Shares of Northrop Grumman Corporation rose by 3.7% in the last five trading days and 5.77% for the last 4 weeks. Northrop Grumman Corporation has dropped 1.23% during the last 3-month period . Year-to-Date the stock performance stands at 4.71%.

Currently the company Insiders own 0.9% of Northrop Grumman Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.67% . Institutional Investors own 81.81% of Northrop Grumman Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -24.49%. Company has reported several Insider transactions to the SEC, on Feb 2, 2017, Christopher T Jones (Corp VP & Pres Tech Svcs) sold 240 shares at 228.72 per share price.On Feb 2, 2017, Kenneth L Bedingfield (Corp VP, CFO) sold 128 shares at 228.72 per share price.On Nov 17, 2016, Sheila C. Cheston (Corp. VP & General Counsel) sold 3,394 shares at 251.29 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Northrop Grumman Corporation was Initiated by RBC Capital Mkts on Jan 12, 2017 to Outperform, Price Target of the shares are set at $268.Northrop Grumman Corporation was Downgraded by Jefferies to Hold on Jan 12, 2017.

Northrop Grumman Corporation Last issued its quarterly earnings results on Jan 26, 2017. The company reported $2.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.47. Analyst had a consensus of $2.49. The company had revenue of $6397.00 million for the quarter, compared to analysts expectations of $5928.14 million. The companys revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.49 EPS.

Northrop Grumman Corporation is a high technology company providing innovative solutions in systems integration, defense electronics and information technology for its U.S. and international military, government and commercial customers, as a prime contractor, principal subcontractor, team member or preferred supplier. (Company Press Release)


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